Credit Suisse posts massive annual loss as 'radical' restructure gets underway

Credit Suisse posts biggest loss since 2008 amid ongoing 21,000 job cuts

Credit Suisse Group reported its fifth-straight quarterly loss on February 9, which totalled as Swiss moneylender's biggest annual loss since the f

Job Cuts, no bonuses: Credit Suisse posts worst loss since 2008 financial crisis

Ulrich Koerner, Chief Executive Officer at Credit Suisse, said the troubled Swiss bank's executives would not receive any bonuses for last year after posting their biggest annual losses

Credit Suisse suffers worst loss since 2008 financial crisis

CEO scraps executives bonuses and recommits to strategic overhaul

Credit Suisse logs worst annual loss since global financial crisis

ZURICH – Credit Suisse Group on Thursday reported its worst annual loss since the 2008 global financial crisis, battered by scandals and heavy losses that led to unprecedented customer withdrawals. Switzerland’s second biggest bank posted a net loss in the fourth quarter of 1.39 billion Swiss francs ($1.51 billion), in line with an analyst consensus […] The post Credit Suisse logs worst annual loss since global financial crisis appeared first on…

Credit Suisse posts US$1.4B pre-tax loss as woes go on in 4Q

Credit Suisse on Thursday reported a pre-tax loss of more than 1.3 billion Swiss francs (about US$1.4 billion) in the fourth quarter of last year, as its new managers vie to right the top-drawer Swiss bank that has faced a string of setbacks in recent years.

Credit Suisse posts biggest annual loss since 2008

Credit Suisse has reported its biggest annual loss since the financial crisis in 2008, highlighting the scale of the challenge facing the scandal-plagued Swiss bank as it attempts a turnaround.